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Basic Question 14 of 14
In general, for passive portfolio management strategies to outperform active trading strategies on a risk-adjusted basis, the market must be AT LEAST ______ efficient.
B. semi-strong-form
C. strong-form
A. weak-form
B. semi-strong-form
C. strong-form
User Contributed Comments 1
| User | Comment |
|---|---|
| thevinu | key word: "at least" |
I am happy to say that I passed! Your study notes certainly helped prepare me for what was the most difficult exam I had ever taken.
Andrea Schildbach
Learning Outcome Statements
contrast weak-form, semi-strong-form, and strong-form market efficiency
explain the implications of each form of market efficiency for fundamental analysis, technical analysis, and the choice between active and passive portfolio management
CFA® 2024 Level I Curriculum, Volume 3, Module 3.